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Clydesdale Bank ups rates; Buck BS launches deals – round-up

  • 10/04/2024
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Clydesdale Bank ups rates; Buck BS launches deals – round-up
Clydesdale Bank is increasing rates in its professional, exclusive residential remortgage and offset discount products by up to 0.1%.

The lender will increase rates from 11 April.

For professional products, selected two- and five-year fixed rate deals will be upped by up to 0.06%.

On the exclusive residential remortgage side, selected two- and five-year fixed rates will rise by up to 0.05%.

Two-year variable offset discount products will increase by 0.1%.

Last month, Clydesdale increased its mortgage rates across select mortgages.


Buck BS brings out duo of deals and ups rates

Buckinghamshire Building Society has launched two mortgage products and repriced its entire existing product range.

The firm has added a three-year fixed rate impaired credit mortgage, which is “ideal for clients who are looking to get their finances back on track following credit issues” and its retirement interest-only (RIO) five-year discount product with a valuation option and reduced product fee.

Claire Askham, head of mortgage sales at Buckinghamshire Building Society, said: “Over the last couple of months, we’ve completed a thorough review of our product range with the aim of making it more accessible for more applicants, whether that’s by making adjustments to criteria, reducing product fees or launching innovative new features.

“Our latest product launch and rate refresh continues in this theme, and we’ll be taking it a step further tomorrow when we open up desktop valuation options on our buy-to-let [BTL] products.”

She added: “Continuous analysis of the market and the desire to offer more competitive and less-restrictive products has driven these changes across our entire range.

“I believe that, with these changes and the combination of our manual underwriting process and highly experienced key account managers and support teams, we’re in the position to help more applicants with complex issues than ever before.”

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